PBF Energy (PBF) Tops Q4 EPS by 10c

PBF Energy (NYSE: PBF) reported Q4 EPS of $0.60, $0.10 better than the analyst estimate of $0.50. Revenue for the quarter came in at $6.3 billion versus the consensus estimate of $5.93 billion.

Throughput Guidance:

For the first quarter 2020, we expect East Coast total throughput to average 345,000 to 365,000 barrels per day; Mid-Continent total throughput is expected to average 95,000 to 105,000 barrels per day; Gulf Coast total throughput is expected to average 165,000 to 175,000 barrels per day; and West Coast total throughput is expected to average 260,000 to 280,000 barrels per day.

For the full-year 2020, East Coast total throughput is expected to average 350,000 to 370,000 barrels per day; Mid-Continent total throughput is expected to average 135,000 to 145,000 barrels per day; Gulf Coast total throughput is expected to average 180,000 to 190,000 barrels per day; and West Coast total throughput is expected to average 290,000 to 310,000 barrels per day.

First quarter and full-year throughput guidance for the West Coast region reflects the expected throughput of the Martinez refinery from the date of closing.

For earnings history and earnings-related data on PBF Energy (PBF) click here.

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